Ibinex Launches Comprehensive Market Report on Cryptocurrency

Press Release-
updated: Oct 4, 2018

NEW YORK,
October 4, 2018 (Newswire.com) -
In a recent development, Ibinex, a White Label Solution for Cryptocurrency exchange, released its "The Global Cryptocurrency Market Report." The report systematically details vital statistics, developments, innovations, and other findings on the ongoing status of the international cryptocurrency market.

Quick Facts

The comprehensive report starts with some Quick Facts:

The cryptocurrency market hit $350 million as of April 2018.

The entire crypto sphere amassed $12 billion on 22 August.

The US Dollar has lost more than 80% of its purchasing power.

Global knowledge

The report substantiates its findings with graphs/charts, like statistical surveys on the global knowledge, legal status of crypto, or on cryptocurrency usage.

-Interestingly, China is the only country where cryptocurrency has an illegal status.

On similar lines, is a graphical illustration which explores the worldwide demographics of cryptocurrency usage, specifically Bitcoin, primarily throughout the first 90 days of Q2 2018. The statistics present Bitcoin ownership predominantly as follows:

A graph displaying the top 25 countries in the world’s ICO market by percentage shows the United States as leading with 20% of the world’s ICOs.

Exchanges

This section details the four major types of crypto exchanges: Traditional Exchanges, Cryptocurrency Brokers, Direct Trading Platforms, and Cryptocurrency Funds.

Ibinex’s market reportidentifies ten exchanges based on high trading revenue. Below are the top three:

1. Binance: $3.48 million

2. GDAX: $390.43 K

3. Bitstamp: $389.09

Payment Processors

Payment processors have also gained prominence in the crypto space. The document nails down the top three along with their fees.

1. BitPay: 1% (higher for high-risk industries)

2. Coinbase: 0% flat fee on every transaction, 1% conversion fee

3. Coingate: 1%

Crypto Mining

In dealing with Crypto Mining, Ibinex’s market report displays estimates at world mining hash power, China being the dominant entity, while, India and Georgia followed with 4% and 2% respectively.

Ibinex's comprehensive global cryptocurrency market report is a global observation of the significant features of the crypto sphere. It can be well considered as a one-stop guide for all aspiring crypto enthusiasts.